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Periodic Inventory System Raynolde Company uses a periodic inventory system. At the end of the year, the following information is available: Purchase returns and
Periodic Inventory System Raynolde Company uses a periodic inventory system. At the end of the year, the following information is available: Purchase returns and allowances $1,200 Inventory, 12/31 11,500 Purchases 20,000 Inventory, 1/1 10,000 Purchases discounts 600
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